| Foundation: | August 2, 1993 |
| Defunct: | August 2, 2015 |
| Fate: | Bankruptcy |
| Location: | Baku, Azerbaijan |
| Key People: | Azer Shahmardanov,[1] Chairman of the Supervisory Board |
| Area Served: | Azerbaijan |
| Num Employees: | 622[2] |
| Industry: | Banking |
| Products: | Financial services Commercial banking |
| Homepage: | www.royalbank.az |
Royal Bank was a private commercial bank established as ÖZ BANK on 2 August 1993. The bank provided financial services for individual customers, small- and mid-size businesses. The last supervisory board took the control over the bank in 2004 and initiated a program on restructuring the financial and control systems.
Royal Bank was included into the Baku Stock Exchange in 2006. It had 32 regional branches, including the branches in Baku.[3]
On 12 July 2015, Central Bank of Azerbaijan cancelled the license of Royal Bank due to the unfulfilled liabilities and the written notifications of the Central Bank. On 2 August 2015, the Administrative Economic Court in Baku announced that Royal Bank went bankrupt.[4]